Problem 7-01A a-c (Part Level Submission) (Video) Cullumber Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Cullumber Company showed the following balances: Morrow $1,500, Rose $1,160, Jennings Co. $2,930, and Dent $2,050. The April transactions involving the receipt of cash were as follows. Apr. 1 5 8 The owner, T. Cullumber, invested additional cash in the business $7,160. Received check for payment of account from Dent less 2% cash discount. Received check for $955 in payment of invoice no. 307 from Jennings Co. Made cash sales of merchandise totaling $7,200. The cost of the merchandise sold was $4,320.00. Received check for $610 in payment of invoice no. 309 from Morrow. Received cash refund from a supplier for damaged merchandise $760. Received check for $1,065 in payment of invoice no. 310 from Jennings Co. Received check for payment of account from Rose (no cash discount allowed). 10 11 23 29 Cash Receipts Journal CR1 Date Account Credited Ref. Cash Dr. Sales Discounts Dr. Accounts Receivable Cr. . Sales Revenue Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. Apr. 1 Owner's Capital 301 7160 7160 Apr. 4 Dent 2009 41 2050 Apr. 5 Jennings Co. 955 955 Apr. 8 7200 7200 4320 Apr. 10 Morrow 610 610 Apr. 11 Inventory 120 760 7601 Apr. 23 Jennings Co. 1065 1065 2 Apr. 29 Rose 1160 1160 20919 41 5840 7200 7920 4320 (101) (414) (112) (401) (505)(120) Insert the beginning balances in the Accounts Receivable control and subsidiary acco presented in the previous part.) General Ledger Accounts Receivable Date Explanation Ref. Debit Credit Balance No. 112 Apr. 1 Balance 7160 7160 Apr. 30 CR1 Accounts Receivable Subsidiary Ledger Morrow Date Explanation Ref. Debit Credit Balance Apr. 1 Balance 2009 2050 Apr. 10 v CR1 2050 Rose Date Explanation Ref. Debit Credit Balance Apr. 1 Balance 955 X Apr. 29 CR1 955 Jennings Co. Date Explanation Ref. Debit Credit Balance Apr. 1 Balance 7200 7200 Apr. 5 CR1 Apr. 23 CR1 1065 Dent Date Explanation Ref. Debit Credit Balance Apr. 1 Balance 2050 Apr. 4 CR1 2069 Click if you would like to Show Work for this question: Open Show Work